REPORT OF THE SECRETARY 5 



solar observing stations in Chile and the United States, for publica- 

 tion of scientific papers, for purchase of instruments, and for making 

 meteorological investigations elsewhere. 



Mr. Washington A. Koebling has made a generous donation for the 

 purchase of minerals. 



The National Academy of Sciences has given the sum of $1,500 

 for researches in paleontology. 



The Institution is also indebted to the Eesearch Corporation for 

 $1,250 for research work. 



Freer Gallery of Art. — In compliance with the instructions of the 

 Board of Kegents, a sinking fund for the investment of surplus in- 

 come from the Freer bequest has been created. The amount paid 

 into this fund during the year was $138,688.75. The invested funds 

 of the Freer bequest are classified as follows : 



Curator's fund $278, 825. 50 



Court and grounds fund 278,825.50 



Court and grounds, maintenance fund 69, 683. 75 



Residuary legacy 2, 676, 232. 75 



Sinking fund 138, 688. 75 



Total 3, 442, 256. 25 



The practice of depositing on time, in local trust companies and 

 banks, such revenues as may be spared temporarily has been con- 

 tinued during the past year, and interest on these deposits has 

 amounted to $1,014.59. The income during the year for current ex- 

 penses, consisting of interest on permanent investments and other 

 miscellaneous sources, including cash balance at the beginning of the 

 year, amounted to $72,558.59. Revenues and principal of funds for 

 specific purposes, except the Freer bequest, amounted to $91,919.99. 

 Revenues on account of Freer bequest amounted to $234,446.50. Cash 

 recalled from the time deposits, $34,000 ; aggregating a total of 

 $432,925.08. 



The disbursements, described more fully in the annual report of 

 the executive committee, were classed as follow^s: General objects of 

 the Institution, $64,960.03; for specific purposes (except the Freer 

 bequest), $58,501.72; temporary advances for field expenses, etc., in 

 excess of repayments, $4,130.12; expenditures pertaining to the 

 Charles L. Freer bequest, $291,768.05; and cash balance on hand 

 June 30, 1924, $13,565.16. 



The following appropriations were intrusted by Congress to the 

 care of the Smithsonian Institution for the fiscal year 1924 : 



International exchanges $^^3, 000 



American ethnology '^'^' ^^^ 



International Catalogue of Scientific Literature 7, 500 



Astrophysical Observatory 15, 500 



